Flaherty & Crumrine Preferred and Income Securities Fund
FFC
66 hedge funds and large institutions have $95.2M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2016 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 23 increasing their positions, 24 reducing their positions, and 1 closing their positions.
0% more first-time investments, than exits
New positions opened: 1 | Existing positions closed: 1
0.96% less ownership
Funds ownership: 11.5% → 10.54% (-0.96%)
4% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 24
4% less funds holding
Funds holding: 69 → 66 (-3)
13% less capital invested
Capital invested by funds: $109M → $95.2M (-$13.7M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$595K |
| 2 |
CCM
Covington Capital Management
Los Angeles,
California
|
+$582K |
| 3 |
LPL Financial
San Diego,
California
|
+$374K |
| 4 |
AG
Advisor Group
Phoenix,
Arizona
|
+$352K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$238K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$7.18M |
| 2 |
Cohen & Steers
New York
|
-$999K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$811K |
| 4 |
Morgan Stanley
New York
|
-$524K |
| 5 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$520K |
FFC Hedge Fund Activity: Q3 2016 in Review
66 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q3 2016, worth a combined $95.2M — down 13% from $109M a quarter earlier.
Fund positioning in FFC was balanced in Q3 2016: 1 fund opened new positions, 1 closed out, 23 added to existing stakes and 24 trimmed.
The largest buyer was Cetera Advisor Networks, adding an estimated $595K. The largest seller was Envestnet Asset Management, cutting an estimated $7.18M.
- 66 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q3 2016, down from 69 in Q2 2016.
- Funds reported $95.2M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q3 2016, down 13% quarter-over-quarter.
- 1 fund opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q3 2016 and 1 closed out, a net change of 0 holders.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q3 2016 was Cetera Advisor Networks, an estimated $595K added.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q3 2016 was Envestnet Asset Management, an estimated $7.18M sold.
Based on aggregated 13F filings for Q3 2016.